- Interpublic Group bearish trend is facing a possible turning point at $32.85
- Bollinger analysis indicates upper Band® is at $60.09
Host Hotels & Resorts Inc made an initial foray below its 50 day Simple Moving Average around $17.55. In contrast, $17.14 is only 27 cents away for Host Hotels & Resorts and might put a stop to its current downtrend. Host Hotels & Resorts's lower Bollinger Band® is now at $17.13.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for Host Hotels & Resorts.
IPG made an initial foray below its 21 day Simple Moving Average around $32.67. Despite this, bearish run for Interpublic Group is facing a possible turning point at $32.85, which is only 17 cents away. If this support line fails to hold, the next target will be at $32.68.
Several technical indicators are adding weight to the bearish momentum seen today and forecasting IPG to extend its recent losses.
Olin's notable support and resistance levels: $54.63 is only 33 cents away for Olin and might put a stop to its current downtrend. Concerning technical analysis and more specifically, trend indicators, Olin's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Price action remains constrained around the key Fibonacci level of $54.19 currently serving as support. If price action breaks below, the next Fib hurdle is $51.81. According to asset volatility analysis, Olin's lower Bollinger Band® is at $54.3.
For the time being, Olin remains flat without a clear direction.
Fundamental indicators – United States ISM Non-Manufacturing PMI (Nov) released yesterday at 15:00 UTC with a figure of 56.5, while the previous figure was 54.4.
Upcoming fundamentals: United States Crude Oil Inventories is projected to outperform its last figure with -3.31 million. It previously stood at -12.58 million; data will be released tomorrow at 15:30 UTC.